Nasdaq 100 Rebounds with Falling USD. Will Hang Seng, ASX 200 Follow?
NASDAQ 100, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
US equity indexes had a whipsaw session and closed marginally higher; small-tech outperformed
Hang Seng Index surged to a 12-month high with financial and telco giants leading the gains
Falling USD and yields underpinned commodity prices, WTI crude oil hit US$ 53.3
USD, Hang Seng, Nasdaq 100, ASX 200, Asia-Pacific Stocks at Open:
The US Dollar retreated from a two-week high and the Treasury yieldcurve flattened slightly overnight, offering a relief rebound to stock markets. All three major US indices ended slightly higher after a choppy session, and small-cap tech stocks enjoyed a decent rally. The Russell 2000 index jumped 1.77% to a fresh record high.
Nasdaq 100 Rally Inspires Hang Seng, ASX 200 Index to Trade Higher
NASDAQ 100, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
US equities extended gains as reflation trade carried on, tech outperformed
Alibaba, Tencent under pressure in the wake of US blacklist threat; three telcos fell on NYSE’s U-turn
US nonfarm payrolls in focus; Bitcoin prices hit 40k before pulling back slightly
Tech-rally, Hang Seng Index, Bitcoin, Asia-Pacific Stocks at Open:
The Dow Jones and S&P 500 index closed at all-time highs on Thursday as the reflation trade carried on after Democrats won two critical seats in Georgia’s Senate runoff elections. A ‘Blue Wave’ outcome means that the Biden administration will take control of both Congress and the White House, which will help to enact their legislative priorities including fiscal and infrastructure spending. The tech-led Nasdaq 100 index soared 2.51%, led by Tesla (+7.9%), Nvidia (+5.78%), PayPal (+3.62%) and Apple (+3.41%).
ASX 200, Hang Seng May Ride the Brexit Tailwind as Dow Drifts Higher
DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Concerns remain on the signing of US stimulus bill and potential wider spread of new viral strain
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A cyclical-led session on Wall Street may hint at a moderate ‘risk on’ trading for Asia-Pacific markets, with equity futures across Japan, Hong Kong, Australia, South Korea and Singapore pointing to gains. Australia’s ASX 200 index opened 0.6% higher as rising metal prices gave its energy (2.22%) and material (+1.10%) sectors a boost. The Australian market will be shut on Friday and next Monday before resuming trading on Tuesday.
Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall
DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Asia-Pacific markets opened mixed after Wall Street stocks erased deep intra-day losses, the USD fell
Brexit talks remain the top event risk after the US moves closer to pass a stimulus and spending bill
Financials sector shares soared as the Fed gave banks the green light to resume share buybacks Advertisement
Wall Street, Brexit Talks, Banking, Asia-Pacific Stocks Outlook:
Last night investors saw a rollercoaster trading session for equities, forex and commodities as risk assets pared deep intra-day losses while the US Dollar erased significant gains. The wild market moves overnight were perhaps owing to both stretched market valuations and thin liquidity conditions, which can exacerbate market movements even with a small catalyst. Besides, still rapidly climbing coronavirus cases and the resulting lockdown measures serve to suppress risk app
Nasdaq 100 Approaches All-Time High, Will Hang Seng and ASX 200 Follow?
NASDAQ 100, ASX 200, HANG SENG INDEX OUTLOOK:
APAC stocks may rebound following a strong lead on Wall Street, oil climbed to a 9-month high
Senate Majority Leader Mitch McConnel hinted that a Covid-relief package might be around the corner
Traders are holding their breath for the FOMC meeting, the USD sank to a 2.5-year low Advertisement
Risk-On Session, US Relief Package, FOMC Meeting, Asia-Pacific at Open:
Asia-Pacific equities look set to open broadly higher after a ‘risk-on’ session on Wall Street overnight. US stocks gained across all sectors as House and Senate leaders continued their negotiation over a Covid relief package on Tuesday evening. In view of rapidly climbing coronavirus cases across the country and a softer job market environment, lawmakers might face the urgency to strike a deal that is needed to support small business loans, jobless benefits and vaccine distribu